Los Angeles daily herald., 1887-04-03
A GREAT AUCTION.
Extraordinary Offer OF the
West Coast Land Co.
OVER FIFTY THOUSAND ACRES.
Town Lots in TempletOn and Ranch
Subdivision Come Under the
Auctioneer's Hammer.

Notwithstanding the unprecedented sue
eess of the West Coast Land Company II
the last four months, as evidenced by th'
sale of over ten thousand acres of farmins
land. In subdivisions of convenient size fol
men of moderate means. and the sale o.
town lots which har, within the the same
period, built up the busy and fourishinp
town of Templeton from absolute nothing
ness. the owners of the property-which
less the sales of the last four months, EN-
braces sixty-four thousand acres-have de
cided to offer it all-town lots and farm lots
At public auction, on the 14th. 18th and 10th
of April. Practically the property will be
SOLD WITHOUT RESERVE.
The only condition being that the bidding
shall not be less than sixty per cent. of the
catalogue price. AS the schedule prices
range from ten to thirty dollars an acre
there is really no Limitation of the sale in
this requirement, as the full price is re.
.garded by every one acquainted with the
lands as being exceedingly low. The de-
scription of the property in the advertise
ment which is published in another column
shows the quantity in each of the four big
ranches in which the West Coast Land Com
pany is interested. 1t is good farming,
fruit and vine land and requires no irriga-
cation, which will greatly enhance tsvalue
in the estimation OF all who are familiar
with California. The upper Salinas valley
where all the land is situated. is particu.
1arly healthy region, even as compared
with other parts of California; there Is no
malaria and no alkili; no fierce winds and
no extremes of heat and cold. The land Is
fertile and the railroad has Its present
terminus at Templeton in the center Of
the territory offered for public competition.
THE AUCTION ARRANGEMENTS
Have been placed in the hand of the we'll
known and experienced San Francisco firm
of Easton & Rldridge, whose name Is a
guarantee that everything will be done sys-
tematically ard honorably. Mr.. Easton,
who has personally examined the lands, ex-
presses The most unbounded faith in their
value and the certainty of lively compe-
tition for their possession. The Southern
Pacific Company has made an extraordi-
nary excursion rate OF six dollars Tor
the round trip from San Francisco to
Templeton and return. The tickets will be
good for five days, the train leaving San
Francisco at $50 A. N. on April 18th, and
stopping to take on passengers at all the
principal way stations. Everything has
been arr ranged for the comfort, convent
ence aud entertainment of 1000 people, and
It IL highly probable that number will be
present. Some
FEATURES OF THE PROGRAMME
Are as follows: The excursion train or
trains will reach Templeton at $50 P. M. on
Wednesday April 18th. A sufficient num-
Der of Pullman sleeping cars Will be pro-
vi1ed to furnish accommodations for those
who cannot get entertainment at the hoteis
On Thursday morning teams will be fur'
nished free for the excursionists to view all
the surrounding country, and like oppor-
tunity will be afforded every day during the
continuance of the sale. There will be
A BARBECUE EVERY DAY.
And after the feasting the sale will COM
mence. Bands of music will play at ap-
propriate times, andNhe occasion will be
mammoth picnic, such as California has
never before witnessed IN view OF the
great demand for lands in this part OF San
Luis Obispo county, of the extensive pre-
parations being made, above all, OF the rare
opportunity to get any sized parcel OF fer
tile land-fve, twelve, fifty, a hundred or
q thousand acres-at auction, on terms
which, after paying one-third, give two
three four and FIVE years for the purchase
money, it seems reasonable to believe
that the auction will attract people from
all partA of the Stste and that the amount
of land and lots sold will be enormous
ITempletOn Times.